Thursday 21 February 2013

GBP/USD 21 FEBRUARY 2012



Price continued to print lower lows, there has not been any entries on this pair as we have not had any retracement as yet. This might have been the final wave of the decline before we see price retracing. We will be patient and wait for a setup to present itself. Stand aside for now.

We have reached our monthly target for February.

Will be going long if:
No long setups at present according to the system. Stand aside and wait for an entry to present itself.

Will be going short if:
No immediate short trade setups, we first need a B swing low to form, the a retracement up to the 618/786 for a short trade setup.

No comments:

Post a Comment